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Buy-Sell Agreement

By IncNow | Published October 8, 2013

Provision in company agreements that mandates a purchase and sale of an interest after a triggering event. An example is a clause that sells shares back to a company or stockholders on the owner’s death. LLC operating agreements often contain this language. However corporate bylaws and minutes do not contain this information. To obtain these buy-sell rights, stockholders should enter into a shareholder agreement, which can be ordered separately.

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